Sold
1330 Portia Street
Los Angeles CA, 90026
$3,800,000
$641.57 per sqft
Sold
9 Beds
10 Baths
5,923 sqft
Residential
Built in 1966
Listed by Jason Tuvia with Marcus & Millichap 818-212-2700
We are pleased to present a ten (10) unit apartment building located at 1330 Portia Street in Los Angeles, California. The subject property is situated in a prime Echo Park Location, north of Sunset Boulevard and east of Echo Park Avenue. Originally built in 1966 and renovated in 2022, this property contains a good unit mix of seven (7) one bedroom / one bathroom units, one (1) one bedroom / one bathroom unit featuring a full private basement, one (1) studio / one bathroom ADU unit, and one (1) one bedroom / one bathroom ADU unit. This renovated building boasts six (6) remodeled units and two (2) brand new construction ADU units with new flooring, stylish built-ins, quartz counters, stainless steel appliances, in-unit washer/dryers, sliding glass closets, and updated recessed lighting. The property itself features fresh low maintenance landscaping, a brand new roof, all new plumbing, copper repipe and new sewage, new main electrical panel upgrade and new in-unit electrical panels, new mini splits, wood deco aesthetic in the front, new windows, parking for select units, a completed soft-story retrofit, and more. All units are separately metered for gas and electricity. Tenants will love being within walking distance to some of the trendiest retail, restaurant, and entertainment amenities in Los Angeles. Some of these include nooworks fashion, Konbi, Brick Works, Short Stop, Little Joy Cocktails, Stereoscope Coffee, Alternate Universe, and many more. Most notably, outdoor recreation at Echo Park Lake is located less than half a mile away. Situated in a prime Eastside location, this offering presents an excellent opportunity to acquire a well renovated new construction feel with over a 5% initial cap rate.
22175193
MLSⓇ ID
July 5, 2022
Listed
March 23, 2024
Updated
Map
1330 Portia Street
Los Angeles CA, 90026
Interior Features
Total Stories
2
Bedrooms
9 Beds
Bathrooms
10 Baths
Appliances
Built-In, Dishwasher, Microwave, Oven, Range, Refrigerator, Range Hood, Dryer, Washer
Laundry Description
Stacked
Floor Description
Wood
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
Landscaped, Rectangular Lot
Other Property Details
Area Name
C21 - Silver Lake - Echo Park
Days on Market
98
Garage
No
Parking
Driveway, One Space, Side By Side
Parking Total
6
View
Yes
View Description
City Lights
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LARD2
Buyer Agency Compensation
2%
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:41 AM UTC